The Five Steps in Applying Materiality Are Listed Below in Random

The five steps in applying materiality are listed below in random order. 1. Estimate the combined misstatement.
2) Estimate the total misstatement in the segment.
3) Set materiality for the financial statements as a whole.
4) Determine performance materiality.
5) Compare combined estimate with preliminary judgment about materiality.
The first three steps in correct sequence would be

A) 1, 2, 5
B) 3, 4, 2
C) 2, 1, 5
D) 3, 2, 4